Russia’s central bank is again listed as the eighth largest gold holder in the world. The bank added a whopping 77.4 tonnes last year to the 851.5 tonnes it held as of two years ago. Russia is a major gold producing nation. It is also no secret the country wants to further increase its prominence in the global economy. Russia’s gold appetite seems to be neither price-driven nor price-sensitive, so it seems reasonable to expect the country to continue its current pace of gold buying.

Turkey’s central bank now ranks as the 12th-largest holder of gold, up from 16th a year ago, despite being a relatively new entrant to the list of nations with the most gold. That additional gold came to 160.1 tonnes last year, for a whopping gain of more than 44% in total gold. Turkey’s gold accumulation is largely tied to the country’s changes in its banking regulations. The changes, which begun several years ago, allow the central bank to accept gold as reserve requirements from commercial banks. The nation’s recent currency shock arguably may create a need for more gold ownership ahead. The central bank recently jacked up interest rates to stave off inflation and to protect the Turkish lira. In 2012, Turkey added a net of 164.5 tonnes of gold to its reserves.

Venezuela added gold over the past year, but only about 1.8 tonnes. Because it added such a small amount, Venezuela dropped one spot, becoming the 16th largest central bank owner of gold — passed up by Turkey in the past year. Venezuela has been facing a currency crisis, and one way it can fend off pressure on its bolivar is to own more gold. About 70% of the nation’s foreign reserves were in gold last year — part of a policy by the late Venezuelan President Hugo Chavez to move away from what he called the “dictatorship of the dollar.” Unfortunately, even in the post-Chavez era, Venezuela still has a black market for its currency.

The Philippines, which added just one-half tonne of gold last year, kept its rank as the 23rd-largest central bank holding of gold. The nation has suffered after the 2013 cyclone that ravaged much of the country. Thousands died, over a million homes were destroyed or damaged, and some 4 million people were reportedly displaced. Without that disaster, the central bank gold-buying might have been higher. Gold was 9% of the nation’s reserves for 2013, down from 12% a year earlier.

Kazakhstan may not be a major economy by most measurements, but the World Gold Council noted the country was actively adding gold reserves to its central bank. The Central Asian nation was ranked the 26th-largest central bank holder of gold last year, up from 30th at the end of 2012. Still, its total percentage of foreign reserves grew only about one point to 23%. Kazakhstan has been adding gold via purchases and swaps, making it one of the stronger adding nations, considering its size. The 28.7 tonnes it added in the past year increased the central bank’s total holdings by 25%. Those gold reserves are also seen as a counterbalance to economic pressures on reserve currencies such as the euro or the U.S. dollar.

South Korea maintained its ranking as the 34th-largest central bank holder of gold in 2013. The 20 tonnes added last year was identical to the 20 tonnes added in 2012. However, gold reportedly accounted for only about 1% of the nation’s foreign reserves. Reports late last year, meanwhile, said North Korea was selling large amounts of gold to China to stave off economic collapse. It seems possible the continued turmoil in North Korea could have something to do with South Korea adding gold. Regardless of the reason, the Korean central bank likely has decided having the 13th-largest economy may need more than just 1% of its foreign reserves as hard assets.

Indonesia’s central bank had the 39th-largest gold holdings, moving up one spot in 2013. The nation also has been one of the world’s top gold producers, and its Grasberg facility is the largest gold mine on the globe. Indonesia grew its gold holdings by five tonnes last year, yet its gold as a percentage of reserves declined to 3% from 4% a year earlier. Indonesia remains one of the world’s fastest growing economies, which implies that its central bank added gold in order to maintain a strong base for its currency for global trading purposes.